Saudi Arabia
Some of the key events about Saudi Arabia
- 1744The First Saudi State was established, marking the beginning of a strict interpretation of Islam
- 1818The Ottoman Empire destroyed the First Saudi State, leading to its collapse
- 1865The Second Saudi State fell, resulting in the exile of the Al Saud family
- 1932The Kingdom of Saudi Arabia was officially established, unifying various regions under one rule
- 1938Oil was discovered in commercial quantities, transforming the country's economy
- 1938Oil was discovered in Saudi Arabia, fundamentally altering the country's economy and society
- 1960Saudi Arabia became a founding member of OPEC, influencing global oil markets
- 1962Slavery was officially abolished in the kingdom
- 1962Saudi Arabia abolished slavery, but faced criticism for the slow implementation of the decision
- 1969The first television broadcast was aired in Saudi Arabia
- 1973Saudi Arabia led an oil embargo against countries supporting Israel, causing a global oil crisis
- 1975King Faisal University was established, expanding higher education opportunities
- 1979The Grand Mosque in Mecca was seized by extremists, resulting in a violent two-week siege
- 2000A series of terrorist attacks began targeting Western and Saudi interests in the country
- 2005Saudi Arabia joined the World Trade Organization, integrating into the global economy
- 2009King Abdullah University of Science and Technology opened, advancing research and innovation
- 2011Saudi Arabia intervened militarily in Bahrain to suppress pro-democracy protests
- 2015Women were allowed to vote and run in municipal elections for the first time
- 2018The ban on women driving was lifted, marking a significant social reform
- 2018The murder of a journalist in the Saudi consulate in Istanbul sparked international outrage
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
Saudi Arabia Latest news
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Egypt advances plans to develop Ras Banas area on Red Sea coast, seeking large-scale investments. Saudi Arabia emerges as potential investor, with recent $5 billion commitment boosting Egypt's economic prospects.
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Major oil companies successfully defend against consumer accusations of collusion with Trump, Russia, and Saudi Arabia. 9th Circuit Court cites political nature and lack of evidence in dismissing price-fixing claims.
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Saudi Arabia's annual inflation rate increased slightly to 1. 6% in August, primarily due to rising housing rents and food prices. The rate remains relatively low compared to global levels.
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S&P Global Ratings revised Saudi Arabia's outlook to positive, highlighting strong non-oil growth and economic resilience. The upgrade reflects potential for further reforms and investments in diversifying the economy.
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India removes minimum export price for basmati rice, aiming to boost overseas sales and support farmers. Decision comes weeks before new crop arrival, addressing concerns of exporters and growers.
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Israel's current approach inadvertently aligns with Iran's strategy of constant pressure. A new multi-faceted strategy is needed, involving difficult decisions by Netanyahu and the Biden administration to address regional conflicts and pursue normalization.
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Israel's current approach inadvertently aligns with Iran's strategy of constant pressure. A new multi-faceted plan is needed, involving Gaza, Lebanon, and the West Bank, to effectively counter Iran's long-term tactics.
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Israel perceives a "seven-front war" with Iran, while the U. S. pursues diplomatic solutions. Differing perspectives on the conflict's scope and resolution strategies emerge as regional tensions persist.
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Gulf stock markets show positive trends following U. S. inflation data. Federal Reserve expected to cut rates, impacting Gulf monetary policies. Saudi Arabia's non-oil sector experiences slight growth recovery.
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Vice President Kamala Harris faces challenges in reconciling U. S. foreign policy with a "rules-based order" approach, particularly regarding Israel's actions in Gaza and alliances with autocratic regimes.
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Vice President Kamala Harris faces challenges in reconciling U. S. foreign policy rhetoric with actions, particularly regarding Israel. Her approach to the "rules-based order" raises questions about consistency and principles.
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Edward B. Johnson, a CIA officer who helped rescue six American diplomats from Iran in 1979, has died at 81. His identity, hidden for decades, was recently revealed by the CIA.
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Russian Foreign Minister Lavrov met with Saudi Crown Prince bin Salman, discussing OPEC+ cooperation and regional conflicts. Both nations expressed satisfaction with recent oil market decisions.
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Gulf stock markets show caution ahead of crucial U. S. inflation data. Saudi GDP contracts in Q2, while regional indices experience mixed performance amidst economic uncertainty.
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UN human rights chief urges voter vigilance against deceptive politicians in upcoming elections. He highlights global human rights concerns and calls for protection of freedoms worldwide.
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Turkish President Erdogan calls for Islamic countries to unite against Israel's "expansionism" following a reported incident. Turkey's diplomatic efforts with Egypt and Syria aim to form regional solidarity.
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UN-backed investigators urge creation of an impartial force to protect civilians in Sudan's conflict. Both sides accused of war crimes as humanitarian crisis deepens, with millions displaced and famine breaking out.
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Colombia's attorney general investigates claims of illegal Pegasus spyware acquisition by police. President Petro alleges $11 million cash purchase, raising concerns over surveillance and privacy.
Iran Threatens Legal Action Against Pakistan Over Delayed Gas Pipeline
Iran plans to take Pakistan to arbitration over a long-delayed gas pipeline project. The dispute highlights Pakistan's geopolitical and economic constraints, as well as its energy security challenges.
White House Races to Draft New Gaza Ceasefire Plan Amid Ongoing Obstacles
U. S. officials are urgently working on a revised Gaza ceasefire proposal, addressing key sticking points. The plan aims to overcome obstacles in negotiations between Israel and Hamas, with a potential draft expected soon.
Saudi Tanker Amjad Unscathed in Red Sea Attack, Bahri Confirms
Saudi shipping firm Bahri reports its tanker Amjad was not targeted in a recent Red Sea attack. U.S. Central Command states Houthi rebels attacked two oil tankers with missiles and drones.
EU Mission Prepares for Complex Salvage of Attacked Oil Tanker in Red Sea
Aspides, the EU's Red Sea mission, announces imminent salvage operation for MV Sounion, a Greek oil tanker attacked by Houthi militants. The vessel, carrying 1 million barrels of crude, poses significant environmental risk.
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Most Gulf stock markets closed higher, buoyed by potential US rate cuts. Investors eye crucial economic data releases. Egypt's market dipped as analysts predict unchanged interest rates.
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Gulf stock markets show gains as investors anticipate US rate cut. OPEC+ set to increase oil production. Key economic data releases awaited in the coming week.
Gulf Markets Rise as U.S. Data Hints at Potential Fed Rate Cuts
Gulf markets closed higher on Sunday, buoyed by U. S. economic data suggesting possible Federal Reserve interest rate cuts. Saudi Arabia, Qatar, and Egypt all saw gains in their respective indices.